MBA 690: Module Eight Short Paper Guidelines and Rubric In this short paper, you will create an outline of your project management plan. Prompt: Prepare an outline to identify the key milestones (include at least five major tasks or steps for implementation) and deliverables of your project.    State how you intend to manage and balance the scope-time-cost triangle. Identify the key risks and obstacles that management will have to mitigate for the plan. Identify triggers or signals that management will use to monitor if these risks are occurring or not. Prepare summary (high level) cost schedule identifying the cost categories for the project—rough order of magnitude (ROM) (very high level) dollar estimates are adequate for this. This can be done in a tabular format for clarity. Specifically, the following critical elements must be addressed:     State your intentions for managing and balancing the scope-time-cost triangle. Highlight the key risks and obstacles that management will have to mitigate for the plan. Identify the triggers or signals that management will use to monitor if these risks are occurring or not. Summarize the cost schedule by providing cost categories for the project—ROM dollar estimates are adequate for this. This can be done in a tabular format for clarity. Guidelines for Submission: Use the outline template to complete this assignment. This short paper should adhere to the following formatting requirements: It is submitted as a Word document, 1 to 2 pages (not including title and reference pages), double-spaced, using 12-point Times New Roman font and one-inch margins. All APA citations should reference the course text and at least two additional resources. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Elements Scope-Time-Cost Triangle Proficient (100%) States intentions for managing and balancing scope-time-cost triangle Key Risks or Obstacles Highlights key risks/obstacles that management will mitigate for plan Needs Improvement (75%) States intentions for managing and balancing scope-time-cost triangle but lacks detail or clarity Highlights key risks/obstacles that management will mitigate for plan but lacks detail or clarity Not Evident (0%) Does not state intentions for managing and balancing scope-time-cost triangle Value 20 Does not highlight key risks/obstacles that management will mitigate for plan 20 Triggers or Signals Identifies the triggers or signals used to monitor if risks occur Cost Schedule Summarizes cost schedule by providing cost categories for project and supplies dollar estimates Submission has no major errors related to citations, grammar, spelling, syntax, or organization Articulation of Response Identifies the triggers or signals used to monitor if risks occur but lacks detail or clarity Summarizes cost schedule by providing cost categories for project but cost schedule lacks detail or clarity Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Does not Identify triggers or signals used to monitor if risks occur 20 Does not summarize cost schedule by providing cost categories for project 30 Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas 10 Total 100% MBA 690 Module Eight Short Paper Outline Template Prompt: Use this template to complete your outline for this module. Add or delete letters as needed to complete each question. An outline does not always use complete sentences and does not need to be detailed. I. State your intentions for managing and balancing the scope-time-cost triangle. A. B. C. II. Highlight the key risks and obstacles that management will have to mitigate for the plan. A. B. C. III. Identify the triggers or signals that management will use to monitor if these risks are occurring or not. A. B. C. IV. Summarize the cost schedule by providing cost categories for the project—rough order of magnitude (ROM) (very high level) dollar estimates are adequate for this. Note: You may insert a tabular format here for clarity. A. B. C. Module Eight Short Paper Prompt: Use this template to complete your outline for this module. Add or delete letters as needed to complete each question. An outline does not always use complete sentences and does not need to be detailed. I. State your intentions for managing and balancing the scope-time-cost triangle. A. Starbucks needs to narrow the scope of the project. For example, Starbucks can delete the process of packaging design and the packages’ production line. It is a good idea that Starbucks can hire a professional design company for packaging design. B. Starbucks needs to pay more attention on the time. If Starbucks spent too much time on the initiating and planning phase, Starbucks would get profits too late. Therefore, Starbucks should try to save time in initiating and planning phase. C. Although Starbucks needs to save the cost for material purchasing, Starbucks should spend more money on the publicity. This is the new product for Chinese consumers. II. Highlight the key risks and obstacles that management will have to mitigate for the plan. A. The first obstacle is the lack of time. Specifically, Starbucks cannot achieve the balance of payment in a short time. Starbucks needs to build a new supply chain for its new business idea. This process will take lots of time. B. The second obstacle is that Starbucks does not have enough employees. In fact, the scope of the project is so wide that Starbucks cannot have enough employees. First, Starbucks needs lots of professional talents for the design team, the publicity team, etc. Then, Starbucks needs lots of experienced workers for ground coffee bean and packages’ production line. C. The last risk is that the Chinese consumers cannot accept the Starbucks’s new products because Chinese consumers prefer to drink the tea which is the substitutable product for coffee. If so, Starbucks’s business ideal will be failed totally. III. Identify the triggers or signals that management will use to monitor if these risks are occurring or not. A. That Starbucks cannot achieve the balance of payment in the monitoring and controlling phase is the signal that Chinese consumers may not accept the new products. B. Starbucks cannot complete the order in time is the signal that Starbucks does not have enough workers C. Starbucks costs too much money in the initiating and planning phases is the signal that Starbucks needs to save the time. IV. Summarize the cost schedule by providing cost categories for the project—rough order of magnitude (ROM) (very high level) dollar estimates are adequate for this. Note: You may insert a tabular format here for clarity.
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